Business
Blue Bird Reports Fiscal 2024 Third Quarter Record Results; Raises 2024 Guidance and Long-Term Outlook
Net Sales of $333M, up 13% and GAAP Net Income of $29M, up $19M Record Quarterly Adj. EBITDA of $48M, up $19M with 2,151 Buses Sold FY2024 Adj. EBITDA
About this update from Blue Bird Corporation
[{"type":"text","content":"\nNet Sales of $333M, up 13% and GAAP Net Income of $29M, up $19M\n\n\nRecord Quarterly Adj. EBITDA of $48M, up $19M with 2,151 Buses Sold\n\n\nFY2024 Adj. EBITDA Guidance Raised to $175M or 13% of Revenue\n\n\nLong-Term Adj. EBITDA Margin Outlook Raised to 15%\n\n\n MACON, Ga.--(BUSINESS WIRE)--\nBlue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2024 third quarter results.\n\n\nHighlights\n\n\n\n\n(in millions except Unit Sales and EPS data)\n\n\n\n\n\n\nThree Months Ended\n\n\n\n\nJune 29, 2024\n\n\n\n\n\n\n \n\n\n\n\n\n\nB/(W)\n\n\n\n\nPrior Year\n\n\n\n\n\n\n \n\n\n\n\n\n\nNine Months Ended\n\n\n\n\nJune 29, 2024\n\n\n\n\n\n\n \n\n\n\n\n\n\nB/(W)\n\n\n\n\nPrior Year\n\n\n\n\n\n\n\n\nUnit Sales\n\n\n\n\n\n\n \n\n\n\n\n\n\n2,151\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n14\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n6,534\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n136\n\n\n\n\n\n\n\n\nGAAP Measures:\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n333.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n39.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n996.9\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n167.1\n\n\n\n\n\n\n\n\nNet Income\n\n\n\n\n\n\n$\n\n\n\n\n\n\n28.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n19.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n80.9\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n75.7\n\n\n\n\n\n\n\n\nDiluted EPS\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.85\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.56\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n2.43\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n2.27\n\n\n\n\n\n\n\n\nNon-GAAP Measures1:\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted EBITDA\n\n\n\n\n\n\n$\n\n\n\n\n\n\n48.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n18.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n141.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n94.4\n\n\n\n\n\n\n\n\nAdjusted Net Income\n\n\n\n\n\n\n$\n\n\n\n\n\n\n30.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n16.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n89.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n76.4\n\n\n\n\n\n\n\n\nAdjusted Diluted EPS\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.91\n\n\n\n\n\n\n...